Capital Solutions Director, Setpoint
$160-180k
+ Stock Options
Infrastructure for the future of asset-based lending
Open for applications
Infrastructure for the future of asset-based lending
21-100 employees
Open for applications
$160-180k
+ Stock Options
21-100 employees
Company mission
To build trust in our system of credit.
Role
Who you are
- A fintech enthusiast - you understand debt capital markets, our customer’s pain, and how Setpoint’s solutions fit
- Detail oriented - you don’t cut corners and driven to be accurate and maintain a zero defect approach under tight deadlines
- A great communicator – you can succinctly communicate and discuss complex problems and distill rules based legal documents into digestible logic
- An intuitive all-round athlete - you are comfortable converting complex ideas into solutions, and are excited about client experience, sales, and product effectiveness
- An independent problem-solver - you can understand what’s most important quickly and proactively build solutions
- A scrappy team player – you thrive in ambiguous environments with lots of moving parts, priorities, roles and responsibilities
- 7+ years of asset backed lending, accounting or relevant investment banking experience
- Ability to deal with ambiguity and meet deadlines in high-pressure situations
- Solid interpersonal skills and client management experience
- Strong analytical and problem-solving skills
- Expert status in Excel
What the job involves
- This is an opportunity to have a big impact and join a fast growing platform and partner with the executive team across the firm.
- You’ll be a driver and co-owner of creating tech solutions for lenders and borrowers in asset backed credit, innovating the way credit is accessed and monitored. We have a strong ethos of promoting from within, and you'll be given ample opportunities for career development and advancement
- Report to the SVP of Capital Solutions and work closely with Product and Engineering team leads
- Own the accuracy of Setpoint’s Capital OS application across asset classes and clients
- Parse legal agreements and create a source of truth for engineers and product managers as part of product implementation and development
- Manage operational processes to efficiently onboard software clients, coordinating with Engineering, Product and Legal teams
- Interact with clients to resolve reporting discrepancies and disputes in a timely manner
- Represent the voice of the customer in internal product communications
Our take
Whilst tech innovations have made applying for a loan far quicker and easier, the next step in the process - the management of the loan - is far more complex and still comparatively archaic in its organization. Originators and lenders use spreadsheets, emails and FTP folders to manage their lending relationships, rendering the process inefficient and prone to errors. Setpoint automates the debt facility management process for lenders.
Founded in 2021, the company claims 98% time saving for lenders, automating data ingestions, calculations and reporting workflows whilst its AI engine computes optimal asset allocation to max ROI. Financial liquidity is increased through access to automated access to third-party reviews and certifications, compliantly accelerating capital access. In short, Setpoint streamlines the second, more oblique stage of the lending relationship.
Focused on the property market, Setpoint’s tech could be expanded to other markets. Its focus on real estate, however, has helped it achieve several impressive funding rounds and a 6x year-over-year revenue growth.
Freddie
Company Specialist at Welcome to the Jungle
Company
Funding (last 2 of 3 rounds)
Aug 2024
$31m
SERIES B
Dec 2022
$43m
SERIES A
Total funding: $79.5m
Company HQ
Congress Avenue Historic District, Austin, TX
Leadership
Stuart Wall
(CEO)Previously Venture Partner at Bowery Capital, Founder & CEO at Signpost and was an Associate Consultant at Bain & Company.
Ben Rubenstein
(President)Previously CRO at realtor.com, Co-Founder and CEO at opcity and was a Co-Founder at Yodle.
Michael Lam
(Chief Investment Officer)Previously COO at realtor.com, was on the Policy Advisor Board at Joint Center for Housing Studies, CFO and Head of Analytics at Opcity, President and Co-Founder at Pendleton International Corp.
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